Listed property groups worth a look despite lack of share price catalysts for now

Investors should consider buying shares of deeply discounted listed property groups, which can be held for the long term

Leslie Yee

Published Tue, Oct 11, 2022 · 03:59 PM

Sense & Cents

I OFTEN hear gripes about high private home prices in Singapore, a trend mirrored in other global cities. There is a sense that one should get on the private homeownership ladder soon, before prices escalate further.

However, while one may struggle to snare a unit that is being sold at market value at a hot new condominium launch, one can buy some proxies for Singapore property at deeply discounted prices on the local bourse.

Shares of established property development and investment groups – Frasers Property : TQ5 0%, GuocoLand : F17 0%, Ho Bee Land : H13 0%, Singapore Land Group : U06 0%, UOL Group : U14 0% and Wing Tai Holdings : W05 0% – are trading at discounts to their last reported net asset values (NAVs) of between 48 per cent and 64 per cent, based on share prices as at Oct 10, 2022.